Polymarket faces renewed CFTC scrutiny over $1.4m settlement

Polymarket has faced renewed CFTC scrutiny over whether it honored the U.S. access restrictions tied to its $1.4 million settlement in 2022, according to Reuters. Summary Regulators are examining whether Polymarket sufficiently restricted American access to its offshore prediction market. The reported review includes advertising, location controls and safeguards on the separate U.S. platform. Federal authorities closed earlier investigations without charges in 2025, without publicly explaining their decisions. The 2022 order required noncompliant markets to close and customers to receive access to redemptions. Reuters reported on Oct. 27, citing two people familiar with the matter, that the review covers the offshore platform’s location controls and U.S. advertising, alongside onboarding and customer protections on its separate American exchange. Polymarket’s offshore access controls face another review According to Reuters, the settlement review forms part of an investigation opened earlier this year, with one source describing scrutiny of past controls and processes. The company is based in New York and has an offshore entity registered in Panama. Spokespeople for Polymarket and ...